Despite Lebanon’s limited diversification outlook, the country has the potential to benefit from existing productive knowledge present in the wood sector. The sector requires restructuring and support as currently the wood sector primarily imports raw materials, processes them, and then re-exports high-end furniture at a persistent trade deficit.
This brief argues that collaboration between the public and private sectors should focus on setting a strategic vision for the sector, including promoting diversification and innovation through supportive institutional policies and frameworks to promote expansion.